ABS Issuance Up Modestly in Early 2009, But Government Programs Sputtering
May 1, 2009
New issuance of non-mortgage ABS rose 9 percent in the first quarter of this year, but the market failed to generate the kind of rebound that many observers had hoped would come from the government’s various stimulus initiatives. A total of $20.29 billion of ABS were issued during the first three months of the year – less than half the volume issued during the same period... [Includes two charts]